Microsoft’s Strategic Endeavor to Equip 100,000 Indian Developers with AI Expertise through AI Odyssey
Introduction In January 2024, Microsoft launched a transformative initiative named ‘AI Odyssey’, designed to upskill 100,000 developers in India. This bold move aims to equip a significant number of Indian developers with the latest AI technologies and tools, thereby fostering a skilled workforce capable of harnessing AI for solving complex challenges and contributing to India’s […]
Revitalizing Indian Housing: LIC’s Bold Move with 10% Stake in NHB-Backed Venture
Introduction In a significant move, the Life Insurance Corporation of India (LIC) has approved the acquisition of a 10% stake in a company promoted by the National Housing Bank (NHB). This decision is poised to make a substantial impact on the Indian housing sector. Strategic Investment and Market Implications The company in focus, promoted by […]
Report: India Plans to Double Cash Support for Women Farmers Before Lok Sabha Election
Background The Indian government is considering increasing the annual cash transfer to female farmers who own land from ₹6,000 to ₹12,000, according to three sources with knowledge of the matter. This proposal is likely to be announced in the budget on February 1, 2024, and could cost the government an additional ₹12,000 crore ($1.44 billion). […]
Justdial’s Comprehensive Report on the Transformation of India’s Search Landscape in 2023
Justdial, a leading digital platform in India, has recently published a comprehensive report on the transformation of India’s search landscape in 2023. The report analyzes the online search habits of Indians across different categories, city tiers, and temporal factors. The report reveals the diverse interests and needs of the Indian population and the opportunities for […]
Slurrp Farm Secures $7.2 Million Funding with Support from Anushka Sharma
Slurrp Farm, a direct-to-consumer (D2C) snack brand for children, has raised around Rs 60 crore ($7.2 million) in a funding round led by Alkemi Growth Capital and Narotam Sekhsaria’s family office. The round also saw participation from existing investors Fireside Ventures and Raed Ventures, as well as Sharrp Ventures, the investment arm of Marico’s Mariwala […]
Government Postpones $600 Million Top-Up of Strategic Oil Reserve Amid Market Volatility
In a recent development that has significant implications for global oil markets, the government has postponed a $600 million top-up of its strategic oil reserve. This decision comes amid ongoing market volatility and a complex backdrop of international and economic factors influencing oil prices and supply. Market Context and Volatility Oil prices have experienced a […]
PepsiCo Granted Permission to Pursue Patent for Exclusive Lay’s Potato Variety
Delhi High Court overturns previous order revoking patent The Delhi High Court on Tuesday overturned a previous decision and ruled in favour of PepsiCo, allowing the company to claim a patent for the potato variety exclusively grown for its Lay’s potato chips. A division bench set aside a July 2023 order that had upheld the […]
India’s Stand Against Dumping: Imposes Five-Year Duty on Three Chinese Products
India has taken a strong stand against dumping of cheap imports from China by imposing anti-dumping duties on three Chinese products for five years. The products are wheel loaders, gypsum tiles, and industrial laser machinery. These products are used in various sectors such as construction, interior decoration, and manufacturing. Wheel Loaders Wheel loaders are heavy […]
First-of-its-kind in India, Cathode Active Material Manufacturer Altmin Announces $100 Million Investment Outlay
Hyderabad-based Altmin Private Limited, the pioneer in manufacturing of cathode active material for lithium-ion batteries in India, has announced an overall investment outlay of $100 million over the next five years. The company successfully secured growth capital from a prominent Indian family office, renowned as a leading manufacturer of iron phosphate and other precursors in […]
Banks Disburse Nearly Rs 70,000 Crore MSME Loans Under PSB 59-Minute Loan Scheme
Scheme Overview The PSB 59-minute loan scheme is a government initiative launched in November 2018 to provide quick and easy credit access to micro, small and medium enterprises (MSMEs). The scheme offers in-principle bank approval for collateral-free term loans or working capital loans for MSMEs from Rs 10 lakh to Rs 5 crore under the […]